U.S. Markets closed

Cramer: The bad trade news is partially baked in, but the sell-off isn't over

Tyler Clifford

"Every time we get slammed as people give up on the trade talks with China, President Trump keeps taking out key ingredients from the cake of negativity," CNBC's Jim Cramer says. "We still haven't seen the big estimate cuts that we can expect from the analysts who weren't expecting President Trump to keep raising tariffs," he says. CNBC's Jim Cramer said Thursday that Chinese and American leaders have little incentive to make a trade deal, and that Wall Street is adjusting to its new normal.